AUDUSD: Getting ready for a major breakout!

This is the weekly chart, and therefore this is a longer term chart for you to have a secular view of what's going on with the pair.

Bollinger bands has narrowed significantly, as volatility drops. While the price settles at the main long term falling trend line. My strategy for this pair is to wait for a breakout above or below the triangle formation and trade in the direction of the breakout. Minimum targets for the two scenarios are outlined on charts by the horizontal lines.

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Technician

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thanks for sharing!
Looking at recent candles and 'price action' having mostly pinbars on the topside, I am thinking sellers have the upperhand and the breakdown to the bottom is more likely.... wishfull thinking perhaps as i already have some small shorts open :)